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UBS Embargoed Research

If and to the extent a User uses, includes quotes from and/or references any Research Materials in any external publication, it shall refer to or reproduce those Research Materials accurately and without amendment, with correct attribution, and shall ensure that any disclaimer included in the relevant Research Materials is incorporated in, placed adjacent to or cross-referenced from the place in which the User publishes the Research Materials or reference to the Research Materials. Any reference to the disclaimer must direct the reader to an easily accessible full version of the disclaimer.